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BREAKING NEWS

FAW-Volkswagen signs $9 billion deal with Volkswagen for parts and vehicles imports in 2019

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FAW-Volkswagen signs $9 billion deal with Volkswagen for parts and vehicles imports in 2019

FAW-Volkswagen signs $9 billion deal with Volkswagen for parts and vehicles imports in 2019
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CHINA STRINGER NETWORK(Reuters)
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BEIJING (Reuters) - Volkswagen AG <VOWG_p.DE> and FAW-Volkswagen Automotive <000800.SZ> have signed a Memorandum of Cooperation under which the Chinese joint venture will import parts and vehicles worth about 62 billion yuan (6.9 billion pounds) in 2019, Volkswagen AG said on Tuesday.

The deal was signed during the China International Import Expo (CIIE) in Shanghai, Volkswagen AG said in a press release.

(Reporting by Beijing Monitoring Desk; Editing by Stephen Coates)

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